Vontobel Holding Ltd. Buys 338,373 Shares of Aon plc $AON

Key Points

• Vontobel Holding Ltd. increased its stake in Aon plc by 276%, acquiring 338,373 shares during the second quarter, bringing its total ownership to approximately 0.21% of Aon valued at $164.46 million.
• Institutional investors own 86.14% of Aon’s stock, with recent small investments from firms such as Financial Gravity Asset Management and Saudi Central Bank.
• Equities analysts have mixed ratings on Aon, with an average target price of $415.69 and a distribution of ratings including one Strong Buy, eleven Buys, five Holds, and one Sell.

Vontobel Holding Ltd. grew its stake in Aon plc (NYSE:AON - Free Report) by 276.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 460,971 shares of the financial services provider's stock after purchasing an additional 338,373 shares during the quarter. Vontobel Holding Ltd. owned approximately 0.21% of AON worth $164,456,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Financial Gravity Asset Management Inc. bought a new position in shares of AON in the first quarter valued at about $28,000. Saudi Central Bank bought a new position in shares of AON in the first quarter valued at about $31,000. HHM Wealth Advisors LLC grew its stake in shares of AON by 54.7% in the first quarter. HHM Wealth Advisors LLC now owns 82 shares of the financial services provider's stock valued at $33,000 after acquiring an additional 29 shares in the last quarter. Pinnacle Bancorp Inc. grew its stake in shares of AON by 56.9% in the second quarter. Pinnacle Bancorp Inc. now owns 91 shares of the financial services provider's stock valued at $32,000 after acquiring an additional 33 shares in the last quarter. Finally, Tsfg LLC acquired a new position in shares of AON in the first quarter valued at about $37,000. 86.14% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. TD Cowen decreased their price target on shares of AON from $427.00 to $419.00 and set a "buy" rating on the stock in a research note on Wednesday, September 17th. Wolfe Research assumed coverage on shares of AON in a research note on Monday, September 15th. They issued a "peer perform" rating on the stock. Jefferies Financial Group upgraded shares of AON from a "hold" rating to a "buy" rating and upped their price target for the company from $400.00 to $426.00 in a research note on Wednesday, July 30th. Morgan Stanley upgraded shares of AON from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $385.00 to $430.00 in a research note on Thursday, September 11th. Finally, Piper Sandler increased their price objective on shares of AON from $393.00 to $413.00 and gave the stock an "overweight" rating in a research note on Monday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $415.69.

AON Stock Down 0.4%

AON stock opened at $365.36 on Thursday. The stock has a market capitalization of $78.78 billion, a P/E ratio of 30.60, a price-to-earnings-growth ratio of 2.17 and a beta of 0.89. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 1.93. Aon plc has a 12 month low of $323.73 and a 12 month high of $412.97. The firm has a 50-day moving average price of $364.18 and a 200-day moving average price of $363.48.

AON (NYSE:AON - Get Free Report) last issued its quarterly earnings data on Friday, July 25th. The financial services provider reported $3.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.40 by $0.09. The business had revenue of $4.16 billion during the quarter, compared to analyst estimates of $4.16 billion. AON had a net margin of 15.54% and a return on equity of 50.91%. The firm's quarterly revenue was up 10.5% on a year-over-year basis. During the same quarter last year, the business earned $2.93 EPS. As a group, equities research analysts anticipate that Aon plc will post 17.21 EPS for the current fiscal year.

AON Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 1st were issued a $0.745 dividend. This represents a $2.98 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Friday, August 1st. AON's dividend payout ratio (DPR) is 24.96%.

About AON

Aon Plc engages in the provision of risk, health, and wealth solutions. It focuses on risk capital including claim management, reinsurance, risk analysis, management, retention, and transfer; and human capital involving analytics, health and benefits, investments, pensions and retirement, talent and rewards, and workplace wellbeing.

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